Savings Bond Sales Off in June: U.S....

Savings Bond Sales Off in June: U.S. Savings Bonds posted $623 million in sales in June, their highest level for the month since 1986, the Treasury Department reported. However, the total was down from May’s sales of $695 million. The department said sales of $5.97 billion during the first nine months of the fiscal year ending Sept. 30 were 7% above sales during the same period in fiscal 1988. The government raised the interest rate on bonds to 7.81% from 7.35% on May 1. The new rate is effective through Oct. 31.